Do the Laginas Own Oak Island? How Much of Oak Island Do the Laginas Own?


History’s actuality present ‘The Curse of Oak Island’ follows the brothers Marty and Rick Lagina, who hunt for the rumored treasures on Oak Island. With the assistance of unbiased researchers, historians, archeologists, and different treasure hunt fanatics, the Lagina brothers discover the probabilities of extracting the potential treasures from varied spots on the island positioned on the south shore of Nova Scotia.

Even although the Lagina brothers haven’t but discovered any main speculated treasure or artifacts, their dedication and resolve carry them and their present ahead. Since they’re so concerned within the archaeological mission, you have to be questioning if the Laginas personal Oak Island. If that’s what’s in your thoughts, allow us to put your doubts to relaxation!

Do the Laginas Own Oak Island?

Yes, the Laginas personal the Oak Island, though not in its entirety. Marty and Rick Lagina, together with their companions, personal a majority of the island that features the notorious Money Pit. The brothers’ fascination with Oak Island began when Rick learn an article concerning the island within the January 1965 version of Reader’s Digest. Upon studying concerning the legends and mysteries surrounding the island and the famed Money Pit, Rick couldn’t recover from his obsession to seek out the treasure.

Even although Marty Lagina was extra skeptical than Rick concerning the Oak Island’s legends, the latter’s enthusiasm managed to steer Marty to put money into the island. Therefore, in 2006, Marty pooled in a majority of the cash required to purchase their stake in Oak Island Tours Inc., the corporate that owns the island.

How Much of Oak Island Do the Laginas Own?

According to sources, Marty and Rick Lagina, together with their companions, personal 78% of Oak Island. The brothers’ funding within the island began with a 50% stake in Oak Island Tours Inc. Since 2006, the Lagina brothers maintained an important relationship with Oak Island resident Dan Blankenship, who owned part of the island till his demise in 2019. After securing their partial possession, the brothers acquired their treasure-trove license in July 2010, permitting them to start out their hunt for the speculated treasure by the top of 2010.

Over the years, the Lagina brothers have invested extensively of their mission and even employed famend consultants to help them. They have at all times ensured that impeccable expertise is used for the development within the treasure hunt. Their investments have proven outcomes as they’ve come throughout essential findings throughout their years of excavation.

In season 1, Rick and Marty discovered a Spanish 8 Maravedis coin supposedly courting to 1652. They additionally discovered some non-indigenous coconut fibers in Smith’s Cove, which indicated that the individuals who created the Money Pit might need been from tropical lands. In season 5, the group found a medieval lead cross, which is seemingly related to the Knights Templar, a Catholic army order whose roots date again to the 12th century. Rick and Marty’s intensive analysis has led them to varied pivotal results in the supposed treasure within the Money Pit.

Over the years, Rick and Marty Lagina’s possession has expanded the scope of prospects relating to the fabled treasures on the island. Their steady efforts have proved that the legends in regards to the treasures aren’t only a made-up story. Their partial possession of Oak Island and the following actuality present have blown up the island’s prominence as a much-frequented vacationer spot.

Read More: Is The Curse of Oak Island Real?

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